The Current Situation in the ICO Industry is Comparable to the Wild West

September 19, 2017

The Current Situation in the ICO Industry is Comparable to the Wild West

The Luxembourg House of Financial Technology jointly with The Stellar Development Foundation has given a report of current situation in the ICO industry. According to the report, since the start of 2017, $1.8 billion were raised with ICO. Also popularity of this way to attract money increases, it is similar to Wild West.

Besides, the 40-page report presents technical aspects of ICO, the use-cases, benefits, and risks of ICO, recommended and forecasted regulatory actions and ICO regulatory in the whole world. More than that, the authors of this document describe in details all aspects of ICO. In their opinion, lawyers, politicians, scientists and even general public should become familiar with this necessary information.

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